Financial Strategies Group Inc. Grows Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Financial Strategies Group Inc. grew its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 168.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,593 shares of the energy company’s stock after buying an additional 1,626 shares during the period. Financial Strategies Group Inc.’s holdings in Alpha Metallurgical Resources were worth $580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Malaga Cove Capital LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter valued at about $471,000. Old West Investment Management LLC boosted its position in Alpha Metallurgical Resources by 177.2% during the third quarter. Old West Investment Management LLC now owns 6,446 shares of the energy company’s stock worth $1,522,000 after purchasing an additional 4,121 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at approximately $36,000. Janney Montgomery Scott LLC increased its position in shares of Alpha Metallurgical Resources by 41.8% in the third quarter. Janney Montgomery Scott LLC now owns 3,181 shares of the energy company’s stock valued at $751,000 after buying an additional 937 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Alpha Metallurgical Resources by 1,081.9% in the third quarter. Farther Finance Advisors LLC now owns 1,832 shares of the energy company’s stock valued at $433,000 after buying an additional 1,677 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AMR shares. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday. B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research report on Friday, September 6th.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock opened at $239.71 on Friday. The stock has a market capitalization of $3.12 billion, a P/E ratio of 8.80 and a beta of 1.33. The business has a 50 day simple moving average of $216.45 and a two-hundred day simple moving average of $265.64. Alpha Metallurgical Resources, Inc. has a 12 month low of $185.00 and a 12 month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing the consensus estimate of $1.60 by ($1.31). The firm had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.65 earnings per share. As a group, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 17.89 EPS for the current fiscal year.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.